SOURCE: iovation

iovation

July 28, 2016 14:23 ET

iovation Wins Best Two-Factor Authentication Innovation of the Year Award

iovation's Transparent, Device-Based Authentication Service Recognized by Golden Bridge Awards

PORTLAND, OR--(Marketwired - Jul 28, 2016) - iovation, the provider of device intelligence for authentication and fraud prevention, today announced its Customer Authentication service has won gold in the 8th Annual 2016 Golden Bridge Awards®. The device-based authentication service won in the two-factor authentication innovation category. The company joins gold winners in other categories including American Express, Bloomberg BNA, Cisco Systems, Inc., Epson America, Inc. and Thompson Reuters.

"We are particularly honored to win this award because it validates iovation's mission in authentication: create a better way to confirm online consumers that simultaneously stops fraud and provides an outstanding customer experience," said Michael Thelander, product marketing manager at iovation. "Online fraud increases every year, but customer expectations for frictionless, even enjoyable web experiences also increase every year. It's clear with this award that consumer-facing companies see device-based authentication as a way to increase online security while not alienating good customers."

iovation's Customer Authentication service allows consumers with recognized, "known good devices" to have instant passwordless access to low-risk sections of their online accounts -- like account balances, shopping records and activity histories. It can also provide real-time risk assessments -- highlighting devices potentially tampered with, using anonymizers and appearing with high-risk anomalies.

The coveted annual Golden Bridge Awards are one of the world's premier business awards. Winners will be honored in San Francisco on Monday, September 12, 2016 during the annual Red Carpet Golden Bridge Awards Ceremony.

About iovation
iovation protects online businesses and their end users against fraud and abuse, and identifies trustworthy customers through a combination of advanced device identification, shared device reputation, device-based authentication and real-time risk evaluation. More than 3,500 fraud managers representing global retail, financial services, insurance, social network, gaming and other companies leverage iovation's database of billions of Internet devices and the relationships between them to determine the level of risk associated with online transactions. The company's device reputation database is the world's largest, used to protect 16 million transactions and stop an average of 300,000 fraudulent activities every day. The world's foremost fraud experts share intelligence, cybercrime tips and online fraud prevention techniques in iovation's Fraud Force Community, an exclusive virtual crime-fighting network. For more information, visit iovation.com.

Contact Information

  • CONTACTS:
    iovation Inc.
    Connie Gougler
    503-943-6748
    Email Contact